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Shipping company issues new shares as it raises stake in peer to roughly a fifth
Investors want more mid-cap deals and wider variety of sectors
Cornerstone investors commit roughly €170m as company aims to raise €300m
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The troubles faced by legendary fund manager Neil Woodford and the decision to gate one of his UK equity funds has led to discussion over the future of active management and whether Woodford’s difficulties are a serious blow to the industry. Such talk is premature.
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Huatai Securities, the Chinese brokerage, has revived its plan to sell $500m of global depositary receipts (GDRs) on the London Stock Exchange, having postponed the deal last year due to regulatory uncertainties.
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Investors are calculating the value of Airtel Africa, the African subsidiary of Indian telecoms conglomerate Bharti Airtel, as it is going ahead with a floatation on the London Stock Exchange (LSE).
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Malaysian home improvement retailer Mr DIY Group could file a prospectus with Bursa Malaysia for its $500m IPO as early as the end of June, according to a source close to the potential deal.
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Volkswagen has rebooted the IPO of Traton, its trucks division, after the deal was delayed in March due to volatility in equity markets caused by the ongoing trade tensions between the US and China.
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Indian conglomerate Larsen and Toubro is selling-down a batch of shares in subsidiary L&T Technology Services and is looking to raise at least Rp6.65bn ($96.2m).
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